Financial Daily from THE HINDU group of publications
Friday, August 02, 2002
Markets (Aug. 1)
BL 2501044.19 (-0.97)
BSE Sensex2975.81 (-11.84)
S&P CNX Nifty957.70 (-1.20)
Dollar (Buy/Sell)48.62/48.74
Gold Std (10 gm)5010 (-60)

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Tax-free bonds cap may be set around Rs 10 lakh
THE Government is set to fix a liberal annual investment limit of over Rs 10 lakh on the new tax-free bonds announced by the Finance Minister, Mr Jaswant Singh, on Wednesday. "We are looking at a ceiling which is four or five times the existing ... More

Service tax net cast wider
THE Finance Ministry has attempted to offset the revenue loss on account of the withdrawal of service tax on life insurance premium by bringing under the service tax net a host of fresh entities in the banking and financial sectors. It has ... More

Q1 export growth at 11.3%
IN line with the export target of 12 per cent fixed for the current fiscal, the country's first quarter export (April - June) notched up a growth of 11.29 per cent at $11,525.45 million, against $10,356.40 million in the comparable months of ... More

Birla group to exit MRPL
THE A.V. Birla group today formally decided to exit from Mangalore Refinery and Petrochemicals Ltd, its troubled joint venture with the public sector Hindustan Petroleum Corporation Ltd (HPCL). The group is getting out of the oil sector, taking a ... More

Pepsi forays into seaweed farming
AFTER tomatoes, potatoes, chillies, basmati rice and groundnut, Pepsi Foods Ltd (PFL) is now making a foray into large-scale contract farming of seaweeds. The location: 10 km of sea front on the Palk Bay side towards Mandapam (Ramanathapuram ... More

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